The Chinese furniture industry is getting a boost in its hold on the U.S. from the recent devaluation of the Yuan.
China hopes to keep its sluggish economy from a further slowdown by making its exports less expensive.
Importers of furniture from China have managed to evade $216 million in duties owed to U.S. manufacturers, including $9.2 million owed to Stickley and Harden Furniture in Central New York, according to New York's two U.S. senators.
Rug and home accessories supplier Surya recently was named a recipient of the Niryat Shree Award for outstanding performance in exports.
With most holiday merchandise safely in the country despite significant congestion impacting West Coast ports, import cargo volume at the nation’s major retail container ports is expected to continue to slow down this month, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Ongoing labor issues at West Coast container ports spurred import cargo volume set another record in October, according to the latest Global Port Tracker report.
The U.S. Department of Commerce has exempted Murphy beds from duties collected under the antidumping order on wooden bedroom furniture from China.